{"id":32906,"date":"2020-02-28T10:55:02","date_gmt":"2020-02-28T15:55:02","guid":{"rendered":"http:\/\/www.localogy.com\/?p=32906"},"modified":"2020-06-17T08:28:37","modified_gmt":"2020-06-17T12:28:37","slug":"food-wars-doordash-files-for-ipo-as-uber-eats-head-exits","status":"publish","type":"post","link":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/","title":{"rendered":"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits"},"content":{"rendered":"

There were some key developments this week in the “food-tech” space — that category that, according to PitchBook<\/strong><\/a>, includes everything from the Impossible Burger to cloud kitchens<\/strong><\/a> (or ghost kitchens if you prefer) to delivery apps like DoorDash, UberEats, GrubHub and more. The events highlight the volatility of the food delivery space. Heavy losses are creating pressure to turn around results, and find new sources of capital.<\/p>\n

Key Development No 1: UberEats Changes Leadership<\/h5>\n

Uber’s VP in charge of UberEast has stepped down<\/strong><\/a>. Jason Droege led the initiative from its inception as UberFRESH in 2014.<\/p>\n

Uber CEO Dara Khosrowshahi put a friendly face on the transition in a statement announcing the change. \u201cEats is a huge part of Uber\u2019s future, and I don\u2019t believe any of it would have been possible without Jason,” he said.<\/p>\n

Praise for Droege aside, it seems pretty clear this was a move designed to apply a new set of eyes to a growing challenge for Uber. How to make money. On something. Anything.<\/p>\n

While Uber Eats may be a big part of Uber’s future, at present it’s a money-sucking monster. During the fourth quarter of 2019, Uber Eats lost $461 million. By comparison, compared with Uber\u2019s overall losses $1.2 billion for the quarter.<\/p>\n

Pierre-Dimitri Gore-Coty is replacing Droege. Gore-Coty moves over from VP of International Rides.<\/p>\n

Droege’s departure also points to the heated competition in the food delivery space, where multiple competitors are competing fiercely for market share. And by most accounts,<\/strong><\/a> all face massive losses. It’s a space that’s just begging for consolidated. Which brings us to our next item.<\/p>\n

Key Development No 2: DoorDash Files Papers<\/h5>\n

DoorDash has taken initial steps toward filing an IPO. According to TechCrunch<\/strong><\/a>, the company has filed a draft S-1 with the Securities and Exchange Commission. It’s unclear when the S-1 will be filed publicly.<\/p>\n

Based on its last funding round in November 2019, DoorDash is valued at $13 billion. Also according to TechCrunch, DoorDash appears to have the plurality of U.S. food delivery market share at 38%.<\/p>\n

An IPO could give DoorDash the capital it needs to consolidate its leadership position.<\/p>\n

Notably, the IPO also comes at a time where VCs are starting to lose faith<\/strong><\/a> in the food delivery model. Perhaps the public markets are its only chance to keep the spigot open and the capital flowing.<\/p>\n","protected":false},"excerpt":{"rendered":"

There were some key developments this week in the “food-tech” space — that category that, according to PitchBook, includes everything from the Impossible Burger to cloud kitchens (or ghost kitchens if you prefer) to delivery apps like DoorDash, UberEats, GrubHub and more. The events highlight the volatility of the food delivery space. Heavy losses are […]<\/p>\n","protected":false},"author":202,"featured_media":32907,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_links_to":"","_links_to_target":""},"categories":[79],"tags":[762,828,745,851,852],"yoast_head":"\nFood Wars: DoorDash Files for IPO as Uber Eats Head Exits - Localogy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits\" \/>\n<meta property=\"og:description\" content=\"There were some key developments this week in the “food-tech” space — that category that, according to PitchBook, includes everything from the Impossible Burger to cloud kitchens (or ghost kitchens if you prefer) to delivery apps like DoorDash, UberEats, GrubHub and more. The events highlight the volatility of the food delivery space. Heavy losses are […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/\" \/>\n<meta property=\"og:site_name\" content=\"Localogy\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-28T15:55:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-17T12:28:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.localogy.com\/wp-content\/uploads\/2020\/02\/Localogy-Insights-Newsletter-HEADLINE-STORY-GRAPHIC-4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"560\" \/>\n\t<meta property=\"og:image:height\" content=\"315\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Charles Laughlin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Charles Laughlin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/\"},\"author\":{\"name\":\"Charles Laughlin\",\"@id\":\"https:\/\/www.localogy.com\/#\/schema\/person\/643649a6c4dde687d7d2107ae4f61294\"},\"headline\":\"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits\",\"datePublished\":\"2020-02-28T15:55:02+00:00\",\"dateModified\":\"2020-06-17T12:28:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/\"},\"wordCount\":404,\"publisher\":{\"@id\":\"https:\/\/www.localogy.com\/#organization\"},\"keywords\":[\"cloud kitchens\",\"delivery apps\",\"DoorDash\",\"foodtech\",\"UberEats\"],\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/\",\"url\":\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/\",\"name\":\"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits - Localogy\",\"isPartOf\":{\"@id\":\"https:\/\/www.localogy.com\/#website\"},\"datePublished\":\"2020-02-28T15:55:02+00:00\",\"dateModified\":\"2020-06-17T12:28:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.localogy.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blog\",\"item\":\"https:\/\/www.localogy.com\/category\/blog\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.localogy.com\/#website\",\"url\":\"https:\/\/www.localogy.com\/\",\"name\":\"Localogy\",\"description\":\"www.localogy.com\",\"publisher\":{\"@id\":\"https:\/\/www.localogy.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.localogy.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.localogy.com\/#organization\",\"name\":\"Localogy\",\"url\":\"https:\/\/www.localogy.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.localogy.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.localogy.com\/wp-content\/uploads\/2019\/09\/Asset-3.svg\",\"contentUrl\":\"https:\/\/www.localogy.com\/wp-content\/uploads\/2019\/09\/Asset-3.svg\",\"width\":425.91,\"height\":90.62,\"caption\":\"Localogy\"},\"image\":{\"@id\":\"https:\/\/www.localogy.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.localogy.com\/#\/schema\/person\/643649a6c4dde687d7d2107ae4f61294\",\"name\":\"Charles Laughlin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.localogy.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.localogy.com\/wp-content\/uploads\/2019\/10\/charles-2018-circle-1-150x150.jpg\",\"contentUrl\":\"https:\/\/www.localogy.com\/wp-content\/uploads\/2019\/10\/charles-2018-circle-1-150x150.jpg\",\"caption\":\"Charles Laughlin\"},\"description\":\"Charles Laughlin, senior analyst with Localogy, is a seasoned journalist with more than 20 years experience covering the industry.\",\"url\":\"https:\/\/www.localogy.com\/author\/charleslaughlin-2\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits - Localogy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/","og_locale":"en_US","og_type":"article","og_title":"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits","og_description":"There were some key developments this week in the “food-tech” space — that category that, according to PitchBook, includes everything from the Impossible Burger to cloud kitchens (or ghost kitchens if you prefer) to delivery apps like DoorDash, UberEats, GrubHub and more. The events highlight the volatility of the food delivery space. Heavy losses are […]","og_url":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/","og_site_name":"Localogy","article_published_time":"2020-02-28T15:55:02+00:00","article_modified_time":"2020-06-17T12:28:37+00:00","og_image":[{"width":560,"height":315,"url":"https:\/\/www.localogy.com\/wp-content\/uploads\/2020\/02\/Localogy-Insights-Newsletter-HEADLINE-STORY-GRAPHIC-4.png","type":"image\/png"}],"author":"Charles Laughlin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Charles Laughlin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/#article","isPartOf":{"@id":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/"},"author":{"name":"Charles Laughlin","@id":"https:\/\/www.localogy.com\/#\/schema\/person\/643649a6c4dde687d7d2107ae4f61294"},"headline":"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits","datePublished":"2020-02-28T15:55:02+00:00","dateModified":"2020-06-17T12:28:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/"},"wordCount":404,"publisher":{"@id":"https:\/\/www.localogy.com\/#organization"},"keywords":["cloud kitchens","delivery apps","DoorDash","foodtech","UberEats"],"articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/","url":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/","name":"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits - Localogy","isPartOf":{"@id":"https:\/\/www.localogy.com\/#website"},"datePublished":"2020-02-28T15:55:02+00:00","dateModified":"2020-06-17T12:28:37+00:00","breadcrumb":{"@id":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.localogy.com\/2020\/02\/food-wars-doordash-files-for-ipo-as-uber-eats-head-exits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.localogy.com\/"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/www.localogy.com\/category\/blog\/"},{"@type":"ListItem","position":3,"name":"Food Wars: DoorDash Files for IPO as Uber Eats Head Exits"}]},{"@type":"WebSite","@id":"https:\/\/www.localogy.com\/#website","url":"https:\/\/www.localogy.com\/","name":"Localogy","description":"www.localogy.com","publisher":{"@id":"https:\/\/www.localogy.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.localogy.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.localogy.com\/#organization","name":"Localogy","url":"https:\/\/www.localogy.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.localogy.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.localogy.com\/wp-content\/uploads\/2019\/09\/Asset-3.svg","contentUrl":"https:\/\/www.localogy.com\/wp-content\/uploads\/2019\/09\/Asset-3.svg","width":425.91,"height":90.62,"caption":"Localogy"},"image":{"@id":"https:\/\/www.localogy.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.localogy.com\/#\/schema\/person\/643649a6c4dde687d7d2107ae4f61294","name":"Charles Laughlin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.localogy.com\/#\/schema\/person\/image\/","url":"https:\/\/www.localogy.com\/wp-content\/uploads\/2019\/10\/charles-2018-circle-1-150x150.jpg","contentUrl":"https:\/\/www.localogy.com\/wp-content\/uploads\/2019\/10\/charles-2018-circle-1-150x150.jpg","caption":"Charles Laughlin"},"description":"Charles Laughlin, senior analyst with Localogy, is a seasoned journalist with more than 20 years experience covering the industry.","url":"https:\/\/www.localogy.com\/author\/charleslaughlin-2\/"}]}},"_links":{"self":[{"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/posts\/32906"}],"collection":[{"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/comments?post=32906"}],"version-history":[{"count":0,"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/posts\/32906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/media\/32907"}],"wp:attachment":[{"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/media?parent=32906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/categories?post=32906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.localogy.com\/wp-json\/wp\/v2\/tags?post=32906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}